Director of South Carolina Pension Investment Commission Abruptly Resigns Two Months Into Tenure

The executive director of the South Carolina Retirement System Investment Commission has abruptly resigned after just two months on the job.

Sarah Corbett, who was named executive director on June 3, reportedly submitted her resignation earlier this month. News didn’t break of the resignation until Wednesday afternoon.

The Investment Commission invests and manages all assets for the South Carolina Retirement System. In all, the Commission manages nearly $30 billion worth of assets.

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Ms. Corbett resigned from the commission for “personal reasons,” primarily to spend more time with her young family, said Edward N. Giobbe, chairman of the investment commission, in an interview. He added “the commission will determine the process for hiring a new executive director.”

Ms. Corbett was the commission’s first executive director. The position was created as one of the first recommendations to be implemented from a fiduciary audit report from Funston Advisory Services.

Ms. Corbett had served on the Commission for 15 years, previously holding the positions of Deputy Chief of Staff and Operational Due Diligence Director.